The proposal by the Federal Court of Auditors (TCU) to directly supervise Closed Supplementary Pension Entities (EFPC) was a highlight among the news stories in Investidor Institucional, which heard from our partners Flavio Martins Rodrigues and Thiago Araújo on the subject.
Flavio emphasised that the proposal is inadequate because the TCU is based on the assumption that these entities, because they receive contributions from state sponsors, have public funds, and that these funds, when they reach the EFPCs, go to the participants, who are private individuals.
Thiago explained in his speech that the proposal could lead to legal uncertainty, as Previc could consider a particular investment operation to be regular, while the TCU could consider it irregular.
Check out the full reports at the links below: